The Nasdaq outperformed the Dow, gaining 0.91%, while the Dow rose only

The Nasdaq outperformed the Dow, gaining 0.91%, while the Dow rose only 0.05% following a June Consumer Price Index report showing lower-than-expected inflation. Kevin Warsh, newly confirmed Federal Reserve Chair, testified to Congress about containing price pressures amid U.S.-Iran tensions and rising crude oil prices. Markets now see an 83.4% chance the Fed will not raise rates in July. Earnings season began with mixed results from major banks like Goldman Sachs and Citigroup, while IBM shares fell due to revenue warnings. The S&P 500 gained 0.38%.